Process Innovation and Product Quality Improvement in a Dynamic Monopoly

Lambertini, Luca ; Orsini, Raimondello (2014) Process Innovation and Product Quality Improvement in a Dynamic Monopoly. Bologna: Dipartimento di Scienze economiche DSE, p. 19. DOI 10.6092/unibo/amsacta/3955. In: Quaderni - Working Paper DSE (926). ISSN 2282-6483.
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Abstract

We investigate the optimal R&D portfolio of a single-product monopolist investing in cost-reducing activities accompanied by efforts improving the quality of its product. There emerges that the firm’s relative incentives along the two directions are conditional upon market affluency, measured by consumers’ willingness to pay for quality, and R&D efforts are complements at equilibrium. We also perform the stability analysis, showing that a stable branch exists along the quality dimension only.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Lambertini, Luca
Orsini, Raimondello
Parole chiave
Optimal control; Monopoly; Product quality; R&D
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
18 Feb 2014 13:16
Ultima modifica
31 Mar 2014 08:58
URI

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